Xenon Pharmaceuticals (STU:XP0) Cyclically Adjusted PB Ratio: 8.86 (As of Sep. 11, 2026) — 44% Below Median

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STU:XP0 Xenon Pharmaceuticals Inc STU:XP0
27 GF Score
Price €50.50
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Xenon Pharmaceuticals Cyclically Adjusted PB Ratio?

Xenon Pharmaceuticals STU:XP0 27 Cyclically Adjusted PB Ratio is 8.86 as of Sep. 11, 2026, which is 44% below its 10-year median of 15.87. GuruFocus rates STU:XP0 with a GF Score™ of 27/100 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 682 Biotechnology companies, Xenon Pharmaceuticals ranks worse than 86.51% on this metric.

As of today (2026-09-11), Xenon Pharmaceuticals's current share price is €50.50. Xenon Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was €5.70. Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio for today is 8.86.

The historical rank and industry rank for Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio or its related term are showing as below:

STU:XP0' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.18   Med: 15.87   Max: 23.7
Current: 8.98

During the past years, Xenon Pharmaceuticals's highest Cyclically Adjusted PB Ratio was 23.70. The lowest was 6.18. And the median was 15.87.

STU:XP0's Cyclically Adjusted PB Ratio is ranked worse than
86.51% of 682 companies
in the Biotechnology industry
Industry Median: 1.62 vs STU:XP0: 8.98

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Xenon Pharmaceuticals's adjusted book value per share data for the three months ended in Jun. 2026 was €11.146. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €5.70 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xenon Pharmaceuticals  (STU:XP0) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Xenon Pharmaceuticals Cyclically Adjusted PB Ratio Related Terms


Xenon Pharmaceuticals Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xenon Pharmaceuticals Cyclically Adjusted PB Ratio Chart

Xenon Pharmaceuticals Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 15.27 9.78 8.41

Xenon Pharmaceuticals Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.39 7.60 8.41 9.76 9.21

STU:XP0 vs PTCT, DNTH, MIRM: Cyclically Adjusted PB Ratio Comparison

For the Biotechnology subindustry, Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Xenon Pharmaceuticals Cyclically Adjusted PB Ratio vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio falls into.


STU:XP0
27GF Score
Xenon Pharmaceuticals Inc STU:XP0
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xenon Pharmaceuticals Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Xenon Pharmaceuticals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=50.50/5.70
=8.86

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Xenon Pharmaceuticals's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Xenon Pharmaceuticals's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=11.146/133.5265*133.5265
=11.146

Current CPI (Jun. 2026) = 133.5265.

Xenon Pharmaceuticals Quarterly Data

Book Value per Share CPI Adj_Book
201609 -5.158 101.765 -6.768
201612 3.378 101.449 4.446
201703 -6.060 102.634 -7.884
201706 -6.102 103.029 -7.908
201709 -6.085 103.345 -7.862
201712 1.687 103.345 2.180
201803 0.382 105.004 0.486
201806 1.397 105.557 1.767
201809 3.376 105.636 4.267
201812 3.262 105.399 4.133
201903 2.904 106.979 3.625
201906 2.577 107.690 3.195
201909 2.346 107.611 2.911
201912 2.694 107.769 3.338
202003 4.667 107.927 5.774
202006 4.607 108.401 5.675
202009 4.228 108.164 5.219
202012 3.841 108.559 4.724
202103 5.507 110.298 6.667
202106 5.031 111.720 6.013
202109 4.951 112.905 5.855
202112 9.295 113.774 10.909
202203 9.273 117.646 10.525
202206 11.943 120.806 13.201
202209 12.162 120.648 13.460
202212 10.882 120.964 12.012
202303 10.167 122.702 11.064
202306 9.364 124.203 10.067
202309 9.176 125.230 9.784
202312 11.290 125.072 12.053
202403 10.823 126.258 11.446
202406 10.363 127.522 10.851
202409 9.484 127.285 9.949
202412 9.434 127.364 9.890
202503 8.502 129.181 8.788
202506 7.144 129.892 7.344
202509 6.181 130.287 6.335
202512 6.209 130.366 6.360
202603 11.976 132.262 12.090
202606 11.146 133.527 11.146

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PB Ratio of 8.86 mean?
Xenon Pharmaceuticals (STU:XP0) has a Cyclically Adjusted PB Ratio of 8.86 as of Sep. 11, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Xenon Pharmaceuticals and its competitors. This is 44% below median its historical median of 15.87. Over the past decade, Xenon Pharmaceuticals' Cyclically Adjusted PB Ratio has ranged from 6.18 to 23.70. According to the industry distribution chart, Xenon Pharmaceuticals ranks #590 out of 682 companies in the Biotechnology industry, placing it in the top 86.5%.
Is Xenon Pharmaceuticals' Cyclically Adjusted PB Ratio too high?
Xenon Pharmaceuticals' current Cyclically Adjusted PB Ratio of 8.86 is 44% below median its 10-year median of 15.87. Over the past 10 years, this metric has ranged from a low of 6.18 to a high of 23.70. The Biotechnology industry median Cyclically Adjusted PB Ratio is 1.62. Xenon Pharmaceuticals' value of 8.86 is 446.9% above this industry median. Based on the distribution chart, Xenon Pharmaceuticals ranks #590 out of 682 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Xenon Pharmaceuticals has a GF Score™ of 27/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xenon Pharmaceuticals' Cyclically Adjusted PB Ratio compare to PTCT and DNTH?
According to the Biotechnology industry distribution chart, Xenon Pharmaceuticals ranks #590 out of 682 companies for Cyclically Adjusted PB Ratio. This places Xenon Pharmaceuticals in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.62. Xenon Pharmaceuticals' value of 8.86 is 446.9% above this benchmark. Historically, Xenon Pharmaceuticals' own Cyclically Adjusted PB Ratio has ranged from 6.18 to 23.70 over the past decade. While the company's 10-year median is 15.87 vs. the industry median of 1.62, Xenon Pharmaceuticals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for a Biotechnology company?
The median Cyclically Adjusted PB Ratio among Biotechnology companies is 1.62, based on 682 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xenon Pharmaceuticals's current Cyclically Adjusted PB Ratio of 8.86 is 446.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Xenon Pharmaceuticals and its competitors. For the Biotechnology industry, the median Cyclically Adjusted PB Ratio is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xenon Pharmaceuticals's current Cyclically Adjusted PB Ratio is 8.86, which is 44% below median its own 10-year median of 15.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xenon Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Xenon Pharmaceuticals (STU:XP0) is currently considered Significantly Overvalued. The current Cyclically Adjusted PB Ratio is 8.86, which is 44% below median its 10-year median of 15.87 and 446.9% above the Biotechnology industry median of 1.62. Xenon Pharmaceuticals' overall GF Score™ is 27/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Xenon Pharmaceuticals (STU:XP0), the current Cyclically Adjusted PB Ratio is 8.86 as of Sep. 11, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Xenon Pharmaceuticals Business Description

Other Exchanges XENE:USA
Address 200-3650 Gilmore Way, Burnaby, BC, CAN, V5G 4W8
Xenon Pharmaceuticals Inc is a neuroscience-focused biopharmaceutical company committed to improving the lives of people living with neurological and psychiatric disorders. It is advancing a novel product pipeline to address areas of high unmet medical need, including epilepsy and depression. The product candidates of the group include XEN1101, NBI-921352, and XEN496 for Epilepsy and Nav1.7 oral inhibitors for Pain.
27GF Score

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Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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